India, Dec. 15 -- The rupee slumped 26 paise to an all-time low of 90.75 against the US dollar in intra-day trade on Monday, pressured by uncertainty surrounding the India–US trade deal and continued foreign fund outflows.
Forex traders said the domestic currency is likely to remain under pressure with a negative bias, as delays in the trade agreement have dampened investor sentiment. A risk-averse global market environment, along with strong demand for dollars from importers, further weighed on the rupee.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....